China Precision Steel, Inc. 4/A
4/A · China Precision Steel, Inc. · Filed May 29, 2007
Insider Transaction Report
Form 4/AAmended
Li Wo Hing
DirectorChairman and President10% Owner
Transactions
- Exercise/Conversion
Common Stock
2007-05-18$3.36/sh+2,016,600$6,775,776→ 22,145,110 total
Footnotes (2)
- [F1]This amendment adjusts the number of shares of Common Stock issued to the Reporting Person, as is necessary to correct a calculation error, based upon the official closing bid price of the Issuer's Common Stock on The NASDAQ Capital Market on May 17, 2007.
- [F2]Shares issued to Reporting Person pursuant to the Debt Reduction Agreement, dated February 13, 2007, as amended, incorporated herein by reference to the Issuer's Current Reports on Form 8-K, dated February 13, 2007 and February 16, 2007, in exchange for an aggregate debt of $6,775,776 owed to him by the Issuer. The number of Shares issued to the Reporting Person was calculated based upon the closing bid price of the Issuer's Common Stock on The NASDAQ Capital Market on May 17, 2007 of $3.36.